Ares Real Estate Income Trust June NAV per share falls to $7.49 from $7.61

Ares Real Estate Income Trust Inc.

Aggregate Fund NAV decreased to $2.146B from $2.206B; NAV per share $7.4911 vs $7.6091.
Portfolio of 102 properties (21M sq ft) 95% leased; leverage 37.8%; weighted-average interest rate 4.66%.
Acquired two industrial and one residential property for $229.9M in Q2 2024.
Redemption requests totaled $74.6M for Apr-Jun 2024; gross proceeds raised $189.6M.
Rent growth on comparable commercial leases: 15% cash, 35.1% GAAP in Q2; industrial cash +48.6% TTM.

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